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Boone 61008
2445 Graham Road
$245,000
● House - Off Market

2445 Graham Road

Belvidere, IL 61008
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,052 Ft²
$1,500
Est. Monthly
11.04%
Cap Rate

About This Property

Well-maintained home in great location close to I-90, Rockford shopping, Cherry Valley and Belvidere Schools. Eat inkitchen with wood laminate flooring, main floor bathroom; jack and jill between hallway and the kitchen. The bathtub has been converted to a walk in shower. 3rd bedroom has laundry hook-ups; plus, there is still laundry in the basement. Finished basement with rec room area, finished den with window and storage space. The covered deck overlooks a beautiful 1/2-acre lot with a small outbuilding/shed and a full garage door for lawn equipment.
Unit Size
1,052 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$233
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 2006
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,052
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Depth Feet: 2,178
  • Lot Size Frontage Feet: 21,000
  • Total Building Area: 1,562
  • Building Area: 1,562
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,562
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRUCE SUB
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: 9-43-3 BRUCE SUB LOT #2 100 X 217.8 2445 GRAHAM RD

Neighborhood

  • School District Name: Belvidere Consolidated Unit School District 100
  • Census Tract: 010400

Zoning

  • Zoning: R1

Geography

  • Account Number: 07-07-09-200-025
  • District: 070
  • Parcel: 07-09-200-025
  • Lot: 2
  • Municipality: FLORA
  • Latitude: 42.2251
  • Longitude: -88.8885

    Address

  • Full Address: 2445 Graham Rd
  • Address - House Number: 2445
  • Address - Street Name: Graham
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Belvidere
  • Carrier Code: R005
  • 4-Digit Zip Code: 8424
  • Zip Code: 61008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $311,370

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 86
  • Final Value: 197,158
  • High Value: 221,241
  • Low Value: 173,076

    Market Valuation

  • Market Total Value: $149,871
  • Market Land Value: $37,092
  • Market Improvement Value: $112,779

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,957
  • Assessed Land Value: $12,364
  • Assessed Improvements Value: $37,593

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 1972
  • Current Sale Recording Date: Oct 13, 1972
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 000000005415
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Boone

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$156

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2376 ft²

Average Home Age

36.8 years

Currently For Sale

60 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Angie Wait, Keller Williams Realty Signature
Data Source: MRED, MLS# MRD12341852
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2445 Graham Road built and last sold?
The property at 2445 Graham Road was built in 1970 and last sold on Oct 13, 1972 for $2,500.
How much is this home worth?
The estimated value of the home located at 2445 Graham Road is $0.
What are some comparable homes to 2445 Graham Road?
There are currently no comparable homes to 2445 Graham Road.
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